MANAGEMENT ACCOUNTING DECISION MAKING TECHNIQUES ON PROFITABILITY OF SELECTED MANUFACTURING COMPANY IN LAGOS MONOPOLIES SECTION A PLEASE TICK THE PARENTHESES, PROVIDED BELOW, AS APPROPRIATE AND AS THEY APPLY TO YOU SEX: : MALE [ ] FEMALE [

Management accounting offers a good best opportunity for firms to compete in the market in order to offer best quality products and services at affordable prices to consumers. The general objective of this study was to investigate the effects of management accounting practices on financial performance of manufacturing companies in Nigeria. This study adopted a descriptive survey design. The target population for this study was the 455 manufacturing companies in Nigeria. Stratified random sampling method was applied to come up with the sample size, since the population in different manufacturing firms was considered heterogeneous, implying that a simple random sample is unrepresentative. The study therefore involved 46 manufacturing companies in Lagos. The study collected primary data from the respondents. The data collected was both quantitative and qualitative. Analysis was done using Statistical Package for Social Sciences (SPSS), allowing the researcher to present the information in form of tables and figures. The study concludes that information for decision making practices is the most highly used management accounting practice amongst the manufacturing companies in Nigeria, followed by strategic analysis, budgeting, performance evaluation, costing, size and leverage respectively. The study identifies key factors that influence performance and risky areas that require improvements on return on equity, ROE (Net income / Average Equity) has increased as a result of application of management accounting practices. This study recommends the creation and enhancement of awareness among firms of the importance of information for decision making practices as this is the most highly used management accounting practice amongst the manufacturing companies in Nigeria.